Global Alpha Capital Management Ltd. Grows Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Global Alpha Capital Management Ltd. increased its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 259,770 shares of the semiconductor company’s stock after purchasing an additional 11,600 shares during the period. Global Alpha Capital Management Ltd. owned approximately 0.56% of Diodes worth $16,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DIOD. Truvestments Capital LLC bought a new position in shares of Diodes in the third quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its stake in Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. KBC Group NV raised its stake in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 368 shares in the last quarter. Quest Partners LLC purchased a new stake in Diodes during the third quarter valued at $184,000. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Diodes in the fourth quarter valued at $250,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Benchmark reduced their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th.

Diodes Trading Down 1.5 %

NASDAQ DIOD opened at $49.10 on Friday. The company’s 50-day moving average price is $57.63 and its 200-day moving average price is $61.05. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.27 billion, a PE ratio of 51.68 and a beta of 1.31. Diodes Incorporated has a 12 month low of $46.56 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Equities research analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the sale, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,680 shares of company stock worth $262,267. Insiders own 2.30% of the company’s stock.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.